PROVIDENCE, R.I., June 6, 2012 (GLOBE NEWSWIRE) -- The NanoSteel® Company, a leader in nano-structured steel materials design, today announced the appointment of steel veteran Len Anthony to the company's board of directors. A financial management expert, Anthony has more than 25 years of public company executive experience and expertise in acquisitions, reorganizations and public offerings.
"We are delighted that Len is joining our board of directors," said David Paratore, president and CEO of NanoSteel. "In light of our recent developments in new nano-structured steels, Len's proven leadership skills will be invaluable as we enter new markets. In particular, Len will help shape our financial structure and strategy as we position the company for accelerated growth."
NanoSteel, founded in 2002, is poised to expand its industry-proven technology into sheet steel ‒ applying the company's proprietary nano-structured materials to meet critical commercial requirements across transportation, oil & gas and power generation. These innovative materials are designed to deliver a powerful combination of new performance capabilities for modern challenges that steel remains best positioned to solve.
Anthony commented: "It is a privilege to join NanoSteel, a company whose expertise in nano-structured steel designs present significant opportunities to expand the reach of advanced high strength steels in core applications and industries."
Anthony previously served as president, chief executive officer and director of WCI Steel Inc., and chief financial officer of Dresser-Rand Group Inc. (DRC), International Steel Group and Bethlehem Steel. Since 2008, Anthony has been a director and chairman of the audit committee of MRC Global (MRC), a $5 billion industrial distribution firm that recently completed an IPO. Anthony also serves as a director of Guardian Industries, a leading global producer of glass for construction and automotive industries, and TechPrecision Corporation (TPCS), a producer of large scale, high precision components for energy, medical and defense markets.
Anthony joins representatives of investors EnerTech Capital, Fairhaven Capital Partners and Chrysalix Energy Venture Capital on the company's board.
For more information, contact: Greg Nixon, The NanoSteel Company, 272 West Exchange Street, Suite 300, Providence, RI 02903, cell (407) 616-5167, e-mail gnixon@nanosteelco.com
About NanoSteel
NanoSteel is a world leader in proprietary nano-structured steel material designs. Over its ten-year history, NanoSteel has created progressive generations of iron-based alloys from surface coatings to monolithic sheet. For the oil & gas, mining and power industries, NanoSteel has successfully introduced commercial applications of metallic coatings to prolong service lifetime in the most extreme industrial environments. NanoSteel is a privately held company funded by lead shareholders EnerTech and Fairhaven Capital. For more information, visit www.NanoSteelco.com.
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